Property Valuation

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Labor market expected to remain strong in the short-term, but unemployment predicted to rise beyond 4% over the next 12 months

The real estate market is rebalancing as supply and demand are adjusting to the higher mortgage rate environment. An increasing number of prospective homebuyers have found that their dream homes have been pulled out of reach as mortgage rates climb…

Labor market expected to remain strong in the short-term, but unemployment predicted to rise beyond 4% over the next 12 months Read More »

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A look at the housing market cool-off beyond existing supply and demand

The housing market cool-off started as mortgage rates started to climb at the beginning of 2022. The 30-year fixed mortgage rate is now close to 7%, a level last seen in the early 2000s. Affordability constraints cooled down demand significantly, ending the housing market frenzy seen in 2020-21.

A look at the housing market cool-off beyond existing supply and demand Read More »

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Pending home sales data suggests that housing demand weakened in several metros in Q3 2022

Pending listings declined over Q3 2022 in the highlighted markets, but the extent of the decline varied regionally. Salt Lake City, UT and Las Vegas, NV witnessed the sharpest declines of 24.3% and 22.4% respectively from June to September, while in San Diego, CA the decline was less than 10%.

Pending home sales data suggests that housing demand weakened in several metros in Q3 2022 Read More »

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The housing market is cooling-off. Is it headed for a crash like in 2008? Find out why not.

After two years of rapidly rising prices, the housing market seems to have lost steam. There is widespread expectation that the U. S. will fall into recession as the Fed continues to raise interest rates. The following indicators also confirm that the trend in the housing market has shifted.

The housing market is cooling-off. Is it headed for a crash like in 2008? Find out why not. Read More »

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Automated Valuation Models Can Help Identify Home Appraisal Bias in Minority Communities

The results revealed no evidence of racial basis in the VeroVALUE AVM.

“We found that the proportion of properties that are undervalued by 15% or more is not correlated with the proportion of Black, Hispanic, Asian, or White populations,” said Eric Fox, Veros Real Estate Solutions Chief Economist. “This is crucial because it addresses concerns about undervaluations of minority-owned properties.”

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Corporate Investor Home Purchases are at the Highest Levels in a Decade

The recent hot housing market has led to a sharp rise in single-family home investor purchases. The large increases experienced in the housing market have made single-family homes a quality investment that can produce yearly returns higher than those seen in the stock market. Investor Purchase Percentage usually hits its peak from December to February,

Corporate Investor Home Purchases are at the Highest Levels in a Decade Read More »

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